Construction Spending in the United States
The Value of Construction Put in Place Survey (VIP) is conducted by the U.S. Census Bureau and provides monthly estimates of the total dollar value of construction work done in the United States. These estimates are released on a certain schedule and cover work done on new structures and improvements to existing structures for both Private and Public Sector construction. Responses are voluntary and are collected with a certain methodology (U.S. Census Bureau, 2022).
The seasonally adjusted annual rate tables below show Total Construction as well as Private and Public Sectors separately. Comparisons between previous month and previous year are made, and the “trend” column shows a quick visual of what the last year has looked like for that particular construction classification. Further line charts below the tables show time series visuals for various construction classifications in the same context.
According to the October 2022 report that was released on December 1st, 2022, the largest increases in the past year are evident in the Manufacturing, Water Supply, and Commercial categories. In contrast, the largest decreases in the past year are evident in the Power category. For the latest data release, please refer to the U.S. Census Bureau resources.
| Construction Spending - All | |||||
| Data presented in millions of dollars. Rounding may affect accuracy when summarizing data. | |||||
| Type_of_Construction1 | Comparison | Percentage Change | trend4 | ||
|---|---|---|---|---|---|
| Oct_20222 | Oct_2021 | Ref_Sep_20223 | Ref_Oct_20213 | ||
| Total Construction | $1,794,949 | $1,644,332 | -0.3% | 9.2% | |
| Residential | $896,505 | $825,903 | -0.3% | 8.5% | |
| Nonresidential | $898,444 | $818,428 | -0.3% | 9.8% | |
| Lodging | $19,125 | $15,655 | 1.3% | 22.2% | |
| Office | $87,138 | $86,352 | 0.3% | 0.9% | |
| Commercial | $117,411 | $95,950 | -0.4% | 22.4% | |
| Health care | $52,410 | $48,655 | 0.4% | 7.7% | |
| Educational | $98,218 | $93,380 | 0.4% | 5.2% | |
| Religious | $2,835 | $2,889 | -9.9% | -1.9% | |
| Public safety | $11,736 | $10,601 | 1.6% | 10.7% | |
| Amusement and recreation | $28,186 | $25,026 | 2.6% | 12.6% | |
| Transportation | $56,597 | $55,314 | -0.1% | 2.3% | |
| Communication | $24,849 | $24,777 | 0.6% | 0.3% | |
| Power | $106,758 | $118,677 | 1.5% | -10% | |
| Highway and street | $114,273 | $102,161 | -0.7% | 11.9% | |
| Sewage and waste disposal | $32,706 | $28,051 | -1.1% | 16.6% | |
| Water supply | $25,470 | $19,140 | -0.7% | 33.1% | |
| Conservation and development | $9,114 | $8,171 | 0.8% | 11.5% | |
| Manufacturing | $111,618 | $83,632 | -3.3% | 33.5% | |
| Table: Jisell Howe, CDT | Data: U.S Census Bureau, Construction Spending, December 1st, 2022 Additional Information: www.census.gov/construction/c30/meth.html |
|||||
| 1 Preliminary | |||||
| 2 Revised | |||||
| 3 Percentage Change referenced with October 2022 | |||||
| 4 Trends from October 2021 to October 2022 | |||||
| Construction Spending - Private Sector | |||||
| Data presented in millions of dollars. Rounding may affect accuracy when summarizing data. Data presented includes the following private construction categories (not shown separately): public safety, highway and street, sewage and waste disposal, water supply, and conservation and development as well as private residential improvements. |
|||||
| Type_of_Construction1 | Comparison | Percentage Change | trend4 | ||
|---|---|---|---|---|---|
| Oct_20222 | Oct_2021 | Ref_Sep_20223 | Ref_Oct_20213 | ||
| Total Private Construction1 | $1,420,380 | $1,303,679 | -0.5% | 9% | |
| Residential2 | $887,224 | $816,908 | -0.3% | 8.6% | |
| New single family | $410,076 | $433,480 | -2.6% | -5.4% | |
| New multifamily | $102,593 | $100,988 | 0.6% | 1.6% | |
| Nonresidential | $533,156 | $486,771 | -0.8% | 9.5% | |
| Lodging | $18,670 | $15,287 | 1.6% | 22.1% | |
| Office | $74,993 | $74,335 | 0.2% | 0.9% | |
| Commercial | $113,366 | $92,632 | -0.4% | 22.4% | |
| Health care | $40,997 | $38,575 | -0.6% | 6.3% | |
| Educational | $18,801 | $16,376 | 0% | 14.8% | |
| Religious | $2,835 | $2,882 | -9.9% | -1.6% | |
| Amusement and recreation | $14,525 | $12,529 | 3.8% | 15.9% | |
| Transportation | $15,977 | $15,173 | -0.6% | 5.3% | |
| Communication | $24,723 | $24,551 | 0.6% | 0.7% | |
| Power | $94,686 | $109,370 | -0.8% | -13.4% | |
| Manufacturing | $111,118 | $83,201 | -3.2% | 33.6% | |
| Table: Jisell Howe, CDT | Data: U.S Census Bureau, Construction Spending, December 1st, 2022 Additional Information: www.census.gov/construction/c30/meth.html |
|||||
| 1 Preliminary | |||||
| 2 Revised | |||||
| 3 Percentage Change referenced with October 2022 | |||||
| 4 Trends from October 2021 to October 2022 | |||||
| Construction Spending - Public Sector | |||||
| Data presented in millions of dollars. Rounding may affect accuracy when summarizing data. Data presented includes the following public construction categories (not shown separately): lodging, religious, communication, and manufacturing. |
|||||
| Type_of_Construction1 | Comparison | Percentage Change | trend4 | ||
|---|---|---|---|---|---|
| Oct_20222 | Oct_2021 | Ref_Sep_20223 | Ref_Oct_20213 | ||
| Total Public Construction3 | $374,569 | $340,652 | 0.6% | 10% | |
| Residential | $9,281 | $8,995 | -0.9% | 3.2% | |
| Nonresidential | $365,289 | $331,657 | 0.6% | 10.1% | |
| Office | $12,145 | $12,017 | 0.7% | 1.1% | |
| Commercial | $4,046 | $3,318 | -1.6% | 21.9% | |
| Health care | $11,413 | $10,080 | 4.2% | 13.2% | |
| Educational | $79,417 | $77,004 | 0.5% | 3.1% | |
| Public safety | $11,520 | $10,509 | 1.8% | 9.6% | |
| Amusement and recreation | $13,661 | $12,496 | 1.3% | 9.3% | |
| Transportation | $40,619 | $40,140 | 0.2% | 1.2% | |
| Power | $12,072 | $9,307 | 22.8% | 29.7% | |
| Highway and street | $113,428 | $101,753 | -0.8% | 11.5% | |
| Sewage and waste disposal | $32,050 | $27,504 | -1.1% | 16.5% | |
| Water supply | $24,830 | $18,466 | -0.2% | 34.5% | |
| Conservation and development | $9,007 | $8,032 | 0.9% | 12.1% | |
| Table: Jisell Howe, CDT | Data: U.S Census Bureau, Construction Spending, December 1st, 2022 Additional Information: www.census.gov/construction/c30/meth.html |
|||||
| 1 Preliminary | |||||
| 2 Revised | |||||
| 3 Percentage Change referenced with October 2022 | |||||
| 4 Trends from October 2021 to October 2022 | |||||
(0.0, 140000.0)(0.0, 540000.0)(0.0, 120000.0)
The most significant growth percentages and decline percentages over the past year are colored with stronger blue and red lines in each chart. In addition, New Single Family as a category is also noted due to the large amount of spending in that category in general. That said, efforts were made to separate overall category summary data such as “Residential”, “Nonresidential”, and “Total…” . Overall summary categories are not shown in favor of displaying broken down categories within those overall categories in a closer look. Please refer to tables for overall summary and breakdown categories presented together. Please also refer to the U.S. Census Bureau’s definitions for any given category.
----
Sources Cited
Bureau, U. S. C. (2019, April 15). Construction spending. United States Census Bureau. Retrieved December 1, 2022, from https://www.census.gov/construction/c30/c30index.html